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Circular No: M&P/083/04/KR

6 April 2020

Solidarity Budget 2020 for Businesses                                                                                                                                                               

Deputy Prime Minister and Finance Minister Heng Swee Keat introduced the Solidarity Budget today, 6 April 2020. The Solidarity Budget measures are in response to the circuit-breaker measures announced and are over and above those introduced under Budget 2020 and the Resilience Budget.

The attached booklet and infographics from the Ministry of Finance (MOF) gives businesses an overview of the various measures. You may wish to visit https://www.singaporebudget.gov.sg/budget_2020/solidarity-budget to read DPM’s speech in full and refer to the Budget Annex for more details on the measures announced.

Attached are:

  1. Solidarity Budget Booklet and Infographic - For measures providing support to firms and workers, please refer to pages 5 and 8 of the booklet.
  2. Infographic on support for businesses
  3. Infographic on Jobs Support Scheme
  4. Resilience and Solidarity Budgets - Summary

For more information, businesses can also visit Enterprise Singapore’s (ESG) Supplementary Budget microsite which will be progressively updated: https://www.enterprisesg.gov.sg/supplementary-budget-2020

We hope that the above is useful and that representatives can share the material with your members and partners.

Thank you.

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